On July 30, 2025, Nanchang Mining Machinery Group Co., Ltd. (hereinafter referred to as "NMS"), a wholly-owned subsidiary of Nanchang Mineral Systems Zimbabwe (Private) Limited (hereinafter referred to as "Zimbabwe subsidiary"), officially signed the "Brownhill Gold Project Phase I Surface Oxidation Ore Heap Leaching Project Operation Cooperation Agreement" with Supass Gold Resources (Pvt) Limited (hereinafter referred to as "Supass Gold"). The estimated total value of the agreement is 36.4 million US dollars, marking significant progress for NMS in deepening its presence in the African market and implementing the "three transformations and one optimization" overseas strategy.

According to the agreement, the Zimbabwe subsidiary of NMS will be fully responsible for the mining and heap leaching of the first phase of the Brownhill gold project's surface oxide ore located in the Mberengwa area of Zimbabwe. The project cooperation adopts a revenue sharing model for the sale of gold products, and both parties agree that the estimated sales revenue for gold products is 36.4 million US dollars. Among them, Sucpass Gold, the mining rights holder, will receive a 25% share (approximately 9.1 million US dollars), while the Zimbabwe subsidiary of NMS, the operator, will receive a 75% share (approximately 27.3 million US dollars). The final product share will be settled based on the actual situation. 

It is worth noting that NMS indirectly holds a 28% stake in Sucpass Gold through its wholly-owned subsidiary NMS INTERNATIONAL HOLDING PTE. LTD. in Singapore, and this cooperation constitutes a related party transaction. During the cooperation process, Supass Gold, the mining rights holder, provides the project area and operating rights as inputs. The Zimbabwe subsidiary of NMS, the operator, will bear all construction, operation, and management costs of the project, including personnel, equipment, materials, vehicles, camps, work permit applications, electricity expenses, and ancillary facility construction costs, and independently manage and account for its operational activities.

This cooperation is a key step for NMS to actively implement the "three transformations and one optimization" development strategy since 2024, which focuses on exploring the aftermarket, overseas market, and metal mining market, and optimizing the customer structure of the aggregate market. Zimbabwe has extremely abundant mineral resources, with official statistics showing that about 60% of its land surface is covered in minerals. More than 40 types of mineral resources, including gold, have been discovered, making it a core strategic area for NMS's overseas expansion.

NMS has been deeply involved in the African market for many years and has a solid foundation for layout. As early as 2017, NMS established its Africa branch, with a service network covering southern, central, and western Africa. It also has a large warehousing base in Johannesburg, South Africa, radiating to central and southern Africa, forming a complete service system. In 2023, in order to further explore the Zimbabwean market, NMS established a subsidiary in Zimbabwe, providing strong support for its in-depth development in the local market.

At present, NMS has many successful practice cases in the Zimbabwean market, fully verifying its strong overall solution capability of "technology+supply chain". For example, the subsidiary Jiangxi Nankuang Engineering Technology Co., Ltd. provided EPC general contracting services for the crushing system of the 2 million tons/year expansion project of the Bikita lithium ore reselection plant in Zimbabwe for China Mining Resources Group Co., Ltd., covering production line process design research, steel structure manufacturing and installation, complete equipment installation and commissioning, and delivery. The entire set of crushing and screening equipment for the production line was provided by Nankuang Group. In addition, Huayou Cobalt's Arcadia lithium mine project in Zimbabwe has successfully applied core equipment such as BS banana sieve, MLS-B banana sieve, EHS rod sieve, ZKR linear sieve produced by NMS. These project experiences provide strong technical and operational support for this gold mine operation cooperation.

This related party transaction is highly aligned with the strategic planning of NMS. The signing of this agreement will effectively promote NMS to further explore its overseas core markets, significantly enhance the international visibility and influence of the "NMS" brand, accelerate the implementation of the "three transformations and one optimization" strategic development goals, and help NMS achieve higher quality development in the global mining market. (This article is from the official website of Jian Dao www.seetao.com. Reproduction without permission is prohibited, otherwise it will be prosecuted. Please indicate Jian Dao website+original link when reprinting.) Jian Dao website enterprise publicity column editor/Yang Beihua